SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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AFTER FRIENDLIES,SUPER EAGLES DROP TWO PLACES IN LATEST FIFA RANKING.(PHOTO).

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After friendlies, Super Eagles drop two places in latest FIFA ranking


The Super Eagles have experienced a slight decline in the latest FIFA men’s ranking, which was released on Thursday morning.


The three-time African champions dropped from the 28th position to the 30th position in the FIFA ranking.


In the past month, the Super Eagles participated in two friendly matches.


The team led by incumbent coach Finidi George secured a 2-1 victory against their perennial rivals, Ghana, but suffered a 2-0 defeat at the hands of the Eagles of Mali.


Despite the drop in ranking, the Super Eagles maintained their third position in Africa, trailing behind the Atlas Lions of Morocco and the Terangha Lions of Senegal.


The top five teams on the continent are completed by the Pharaohs of Egypt and the Elephants of Cote d’Ivoire.


Meanwhile, world champions Argentina retained their top position in the FIFA ranking.

 

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